Uber to Acquire Postmates in $2.65 billion deal
SAN FRANCISCO, 6th July 2020-- Uber Technologies (Uber) will acquire online food & grocery delivery platform Postmates for approximately $2.65 billion in an all-stock transaction.
Postmates is highly complementary to Uber Eats, with differentiated geographic focus areas and customer demographics, and Postmates’ strong relationships with small and medium sized restaurants, particularly local favorites that draw customers to the Postmates brand.
Additionally, Postmates has been an early pioneer of “delivery-as-a-service,” which complements Uber’s growing efforts in the delivery of groceries, essentials, and other goods.
For restaurants and merchants, Postmates and Uber Eats will together offer more tools and technology to more easily and cost-effectively connect with a bigger c...